Struggling Factory Shop In Administration

Claire’s and The Original Factory Shop to enter administration.
The investment firm has owned ‘The Original Factory Shop’ since early last year.

“This has been a very tough decision,” said Modella. “We have worked intensively in an effort to save both businesses, having made last-ditch attempts to rescue them, but neither has a realistic possibility of trading profitably again.”

Modella said that the chains were “highly vulnerable” even before it bought them. It also blamed challenges including the climate on the high street, which it said “remains extremely challenging”, and government policy.

The two shops are the latest casualties of a tough trading environment which has seen high street sales fall as shoppers move online, ditching old favourites facing the high cost of maintaining brick-and-mortar stores.
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Ghoster@BBC